Abstract
The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on a
specific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.
specific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.
Original language | English |
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Publication date | 2014 |
Number of pages | 24 |
Publication status | Published - 2014 |
Event | The 3rd Interdisciplinary Market Studies Workshop - Couvent Royal, Saint-Maximin-la-Sainte-Baume, France Duration: 5 Jun 2014 → 6 Jun 2014 Conference number: 3 http://imsw2014.sciencesconf.org/ |
Workshop
Workshop | The 3rd Interdisciplinary Market Studies Workshop |
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Number | 3 |
Location | Couvent Royal |
Country/Territory | France |
City | Saint-Maximin-la-Sainte-Baume |
Period | 05/06/2014 → 06/06/2014 |
Internet address |